Romania: Make Our Wallets Great Again: The Illusion of Economic Triumph

December 7, 2023

Make Our Wallets Great Again: The Illusion of Economic Triumph
Dec 7, 2023

Make Our Wallets Great Again: The Illusion of Economic Triumph.

From the Sparkle of Figures to the Deceptive Mirror: How Well Does Economic Growth Reflect in Our Lives? By Andreea Gudin With almost the Finance Ministerâ€™s applause still echoing in our ears, Romanians receive news of a spectacular economic growth. However, when I take a look in my wallet, I...

[Read the article in Nine O`Clock]

SEE ALSO IN ROMANIAN NEWSPAPERS

Medium-intensity earthquake shakes Bucharest and Eastern Romania An earthquake of magnitude 5.4 shook Romania’s capital Bucharest and parts of Eastern Romania on Monday afternoon, September 16, around 17:40. No damages were reported after the event. According to the National Institute for Earth’s Physics (INFP), the earthquake occurred in the Vrancea (...)

Prodalcom 2023 Turnover Up 3.2% YoY To RON28M In 2023 Prodalcom Botosani, the producer of the Voronskaya vodka brand, owned by three Romanian entrepreneurs, ended 2023 with a turnover of RON28 million (EUR5.6 million), up 3.2% from a RON27.1 million (EUR5.5 million) turnover reported in 2022, Ziarul Financiar (ZF) daily has calculated from (...)

Adiss Concludes RON23M Contract To Expand And Rehabilitate Water Treatment Stations Adiss (stock symbol: ADISS), a Romanian company specialized in water treatment, has announced on Monday (Sept 16) that it concluded a significant contract worth RON22.9 million for the expansion and rehabilitation of water treatment stations, including infrastructure works essential for water (...)

Digi Romania Announces Redemption Of EUR450M Notes Due In 2025 Telecommunications operator Digi Communications (DIGI.RO) announced that on September 16, its Romanian subsidiary issued a notice of full redemption of EUR450 million senior secured notes (2.5% interest) due in 2025. The actual redemption date is September 27.

Iulius Mall Suceava Starts EUR40M Expansion Process Iulius Mall Suceava has begun an expansion process that will result in the largest retail area in the north of Romania, over 60,000 square meters, in an investment estimated at EUR40 million.

Finance Ministry Raises RON500M From Banks On Sept 16 Romania's Finance Ministry raised RON500 million from banks on Monday (Sept 16), selling government paper at an annual average yield of 6.48%.

OVES Enterprise: IT Service Budgets Are Nearly 20% Lower Compared To Two Years Ago Romania's IT industry, which has seen significant growth until recent years, is now feeling the effects of the global economic crisis; compared to two years ago, the budgets allocated for IT services have decreased by approximately 20%, as per an analysis by OVES Enterprise, a Romanian (...)